Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Textbook Question
Chapter 14, Problem 14.8BE
(1) | (2) | (3) | (4) | |
Face value | $100,000 | (d) | $250,000 | $1,980,000 |
Stated rate | 5% | 5% | 6% | (i) |
Interest payment period | Quarterly | Semiannually | Quarterly | Quarterly |
Interest payment | (a) | $13,250 | $3,750 | $34,650 |
Maturity (in years) | 10 years | 5 years | 3 years | 4 years |
Market rate | 4% | (e) | 8% | 4% |
Bond issue price | (b) | (f) | (g) | (j) |
(Discount) / Premium | (c) | ($19,216) | (h) | (k) |
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